Scott Welch

About Scott Welch

Family Office CFO/President/Board Member. 20 plus years of experience leading and directing all aspects of a single-family office serving multiple generations. Managed a staff of professionals performing accounting, tax, trust administration, governance, regulatory compliance, investment, and performance reporting. Oversaw and provided individual asset allocation, financial planning, cash flow management and onboarding of next generation family members. Primary office contact for all family members and outside service providers. Advised family members on issues relating to credit lines, budgeting and cash flow planning, mortgages, divorce, purchase and sale of homes, art, and yachts as well as outside business ventures. Assisted family members with a variety of business activities, including business formation, SEC and FINRA compliance with their firms back office. Oversaw all banking, investment management, portfolio advisory, insurance, IT, legal, and tax service professionals. Oversaw the preparation in-house and review by outside CPA firm of all tax work for individual, trusts, family limited partnerships, pooled investment vehicles, gift tax returns, a private foundation and the C Corp managing the office. Created an internal hedge fund of funds with multiple “Series” for various asset classes that utilized more than 40 outside money managers with 80 family members, trusts and family limited partnerships as LLC Members. The structure allowed for customized asset allocation and increased liquidity options for family members and their trusts. I performed all accounting, tax, and transactional work for this entity. Served as investment committee member for the family and as an officer to the both the family office and the private family foundation. Monitored and recommended solutions to ensure sufficient liquidity for all accounts via sources and uses analysis. Created and accounted for Family Member LLC’s separately managed trading accounts managed by outside advisors as well as a SMA for our Private Family Foundation. Licensed to practice law in Illinois, I managed estate planning and other legal services with outside counsel for the office as well as individual family members, their trusts, private family foundation and various investment vehicles. Responsible for office budget, and individual staff member goals and performance reviews. Managed payroll and benefits administration. Broad knowledge across all areas of wealth management and their integration.

Experience

1. Independent Consultant

   Private Family Office

   Jul 2025 — Present

Education

• The University of Iowa Tippie College of Business

  Bachelor's degree, Finance, General

  1984 — 1988

• Syracuse University College of Law

  Juris Doctor (J.D.)

  1988 — 1991